BIO SURVEY FINDS 36 OF 107 COMPANIES HAVE LESS THAN ONE YEAR OF CASH
Executive Summary
BIO SURVEY FINDS 36 OF 107 COMPANIES HAVE LESS THAN ONE YEAR OF CASH on hand. The Biotechnology Industry Organization survey, conducted by Robert Goldberg, PhD, Brandeis University, found that 11 of 107 respondents had six months or less cash on hand, and 75% of the respondents had two years or less cash available. BIO announced the survey results at a March 8 press conference on Capitol Hill.